Annual rate decrease approved
As the special legislative session gets underway today in Tallahassee on federal vaccine and mask mandates on COVID-19, the National Council on Compensation Insurance (NCCI) has withdrawn its request to start a catastrophe fund in Florida …
But they must be vaccinated
First responders would receive workers’ compensation insurance benefits for COVID-19 exposure under a bill recently filed in the Florida Legislature, in advance of the first of six legislative committee weeks that begin on September 20. …
Would cover future pandemics & catastrophes
The possibility that the current pandemic may not be an infrequent event has the workers’ compensation insurance industry proposing a new multi-million dollar catastrophe fund that businesses would pay into through a special annual …
Workers’ Comp to feel the risk, too
It may come as no surprise that states with the highest hurricane risk and that are suffering the highest number of COVID-19 cases might have an especially big problem if the two catastrophes …
Workers’ comp cheating
The Florida Department of Financial Services (DFS) has scored another set of arrests in recent Workers’ Compensation fraud cases against Florida contractors that collectively amount to nearly $1 million in rightfully owed but illegally avoided insurance premiums. …
Workers’ comp, warranty associations, legal expense corps
There are a couple of proposed changes in insurance regulation underway in Florida to share with you this edition. One involves workers’ compensation and the other pertains to service warranty and home warranty …
Policy Reductions
More than one-third of Americans eliminated one insurance policy in 2020, but those out of work because of COVID-19 were much more likely to shed coverage. The news comes as workers’ compensation insurance cases related to the pandemic …
New study on essential workers
We will be starting the new year of 2021 with lower workers’ compensation insurance rates here in the Sunshine State. The Florida Office of Insurance Regulation (OIR) has approved a statewide overall decrease of 6.6% …
Larger workers’ comp rate drop ordered
To be sure, there’s a plethora of insurance issues that the new Florida Legislature will face as well. We’ve chronicled many of them in these pages over the past months, including a few that …
New report suggests mild impacts
After a big spike in July, the number of workers’ compensation indemnity claims filed in Florida related to COVID-19 continues to fall significantly. September claims numbered 578, down from the 2,469 in August and the …